- Joined
- Sep 5, 2019
She’s been saying since launch that they’d be doing “seasonal drops” of products. There’s nothing inherently wrong or objectionable about that model. The fact that she’s delivering unremarkable products at a huge premium is what’s galling.So she's promoting her brand without product and doesn't seem to be interested in making more product to capitalize on the supposed popularity of her product.
The new episode of her podcast is out and the guest is the founder of the Kitsch hair accessories brand, Cassandra Thurswell. Thurswell bootstrapped her company with $30,000 of her own money and it’s now worth $87 million (on paper). Meghan mostly talks about herself and how brave she is for not taking investment in As Ever.
The truth is that she would never be able to handle having investors. Managing investors can be a full-time job in itself, and investors want to be heard and have their say influencing brand and product roadmaps. M is way too much of a control freak for that. Plus investors want to see a major return on their investments — typically 3-10x what they initially put into the company.
What she doesn’t say is whether or not she took out a business loan or used her own money to finance everything. What she does say to the woman whose company is so much more successful than hers is “I’m so proud of you.” I have a strong dislike of women — especially younger and lesser accomplished women — saying “I’m proud of you” to other women. It’s very patronizing and condescending IMO. Which is very on-brand for Meghan, isn’t it?